France: GDP contracts in Q3 following exit from technical recession in Q2

GDP contracted 0.1% in the third quarter over the previous quarter according to preliminary data released by the Statistical Institute (INSEE) on 14 November. The drop contrasted the 0.5% expansion tallied in Q2 and fell short of the flat reading the market had expected. After having exited the technical recession in Q2, the French economy’s performance returned to negative figures this quarter. Revised data will be released on 10 December.

Read more about French GDP.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s